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Entertainment Weekly, InStyle and other magazines owned by Barry Diller’s group to end print editions.


Six magazines operated by the media mogul Barry Diller by way of his Dotdash Meredith group will instantly cease publishing in print and transfer on-line.

The transfer, which impacts Leisure Weekly, InStyle, EatingWell, Well being, Mother and father and Individuals en Español, will result in 200 job cuts, in accordance with a memo despatched to workers on Wednesday. The cuts quantity to lower than 5 p.c of the corporate’s whole work pressure.

The magazines have been acquired last year by Dotdash, a subsidiary of Mr. Diller’s InterActiveCorp, when it purchased the publishing big Meredith Company for roughly $2.7 billion.

“We’ve mentioned from the start, shopping for Meredith was about shopping for manufacturers, not magazines or web sites,” Neil Vogel, the chief government of Dotdash Meredith, wrote within the memo, which was obtained by The New York Occasions. “It’s not information to anybody that there was a pronounced shift in readership and promoting from print to digital, and because of this, for a couple of vital manufacturers, print is not serving the model’s core function.”

The web viewers for Mother and father, InStyle and EatingWell elevated 40 p.c in contrast with final 12 months, in accordance with the memo, which was first reported by The Wall Street Journal.

Dotdash Meredith additionally runs Individuals, Higher Properties & Gardens, Meals & Wine and different publications that can stay in print. Mr. Vogel mentioned that the corporate deliberate to speculate greater than $80 million in content material this 12 months and print greater than 350 million magazines.

“Right now’s step just isn’t a price financial savings train and it’s not about capturing synergies or some other acquisition jargon, it’s about embracing the inevitable digital future for the affected manufacturers,” he mentioned within the memo. “Naysayers will interpret this as one other nail in print’s coffin. They couldn’t be extra improper — print stays core to Dotdash Meredith.”


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